6,929 Shares in iShares TIPS Bond ETF (NYSEARCA:TIP) Purchased by Smith Thornton Advisors LLC

Smith Thornton Advisors LLC purchased a new stake in shares of iShares TIPS Bond ETF (NYSEARCA:TIP) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,929 shares of the exchange traded fund’s stock, valued at approximately $740,000.

Several other hedge funds and other institutional investors also recently modified their holdings of TIP. Colony Family Offices LLC grew its position in iShares TIPS Bond ETF by 5.4% in the first quarter. Colony Family Offices LLC now owns 1,906 shares of the exchange traded fund’s stock worth $205,000 after acquiring an additional 97 shares in the last quarter. Citizens & Northern Corp boosted its stake in iShares TIPS Bond ETF by 3.0% in the second quarter. Citizens & Northern Corp now owns 3,544 shares of the exchange traded fund’s stock worth $378,000 after buying an additional 102 shares in the last quarter. Clear Investment Research LLC grew its position in iShares TIPS Bond ETF by 2.0% during the fourth quarter. Clear Investment Research LLC now owns 5,302 shares of the exchange traded fund’s stock valued at $570,000 after acquiring an additional 103 shares during the last quarter. TNF LLC grew its position in iShares TIPS Bond ETF by 1.1% during the second quarter. TNF LLC now owns 10,102 shares of the exchange traded fund’s stock valued at $1,079,000 after acquiring an additional 105 shares during the last quarter. Finally, Private Ocean LLC boosted its stake in shares of iShares TIPS Bond ETF by 66.7% in the 2nd quarter. Private Ocean LLC now owns 290 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 116 shares in the last quarter.

iShares TIPS Bond ETF Stock Performance

TIP stock opened at $110.27 on Friday. The firm has a market cap of $19.13 billion, a P/E ratio of 11.86 and a beta of 0.09. The firm’s fifty day moving average is $108.99 and its 200 day moving average is $107.39. iShares TIPS Bond ETF has a 52 week low of $101.74 and a 52 week high of $111.06.

About iShares TIPS Bond ETF

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).